Quick Glance: Baidu: Potential Undervalued by 40% with Significant Risks
- Baidu appears undervalued due to growth prospects in core business segments and new areas like Cloud, ERNIE, and driverless ride hailing. However, investments come with significant risks.
- Baidu has heavily invested in AI to drive growth through new revenue streams. AI is already contributing to advertising and offers growth potential. Baidu's Cloud segment also shows positive growth.
- Baidu's advertising business, especially search advertising, remains the core of the company and offers room for growth. Baidu's Cloud business has high potential but could face competitive pressures.
- Baidu's Apollo Go offers commercial driverless ride-hailing services with significant revenue potential. ERNIE, an AI chatbot, shows promising results. iQIYI turned profitable but has room to increase profitability.
Quick Glance: Over 100 Killed in 'Terrorist Attacks' near Tomb of Iranian Guards' Soleimani
- Two explosions at ceremony in Kerman, Iran, kill over 100 and injure many more.
- Iranian officials blame unspecified 'terrorists' for remotely detonated explosive attacks.
- At least 103 dead and 211 injured; one of the worst attacks in Iran.
- Cemetery evacuated and closed; Iran threatens strong response to the crimes.
Quick Glance: Baidu's Ernie 3.5 Surpasses ChatGPT on Key Metrics
- Baidu's Ernie 3.5 outperforms Microsoft-backed OpenAI chatbot on important metrics.
- Ernie 3.5 surpasses ChatGPT and GPT-4 in certain Chinese capabilities.
- Baidu introduced language AI product Ernie Bot in March to compete with ChatGPT, becoming the first major Chinese tech company to do so.
- Ernie Bot, built on Baidu's older Ernie 3.0 AI model, underwent invite-only tests for the past three months.
Bridging the regulatory gap plus other AI stories to read this month
Top stories: EU, US aim to bridge the AI regulatory gap; AI is an opportunity ... Show more https://www.weforum.org/agenda/2023/05/ai-regulatory-gap-plus-other-ai-stories-to-read-this-month?utm_source=facebook&utm_medium=social_scheduler&utm_term=Artificial+Intelligence&utm_content=03%2F06%2F2023+14%3A15
Bridging the regulatory gap plus other AI stories to read this month
Top stories: EU, US aim to bridge the AI regulatory gap; AI is an opportunity ... Show more https://www.weforum.org/agenda/2023/05/ai-regulatory-gap-plus-other-ai-stories-to-read-this-month?utm_source=facebook&utm_medium=social_scheduler&utm_term=Artificial+Intelligence&utm_content=01%2F06%2F2023+08%3A30